Searchability and Machine-Readability of the Financial Statements of the Czech Business Corporations and Their Influence on the Financial Performance

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F19%3A00111004" target="_blank" >RIV/00216224:14560/19:00111004 - isvavai.cz</a>

Výsledek na webu

<a href="https://is.muni.cz/do/econ/sborniky/2019/" target="_blank" >https://is.muni.cz/do/econ/sborniky/2019/</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Searchability and Machine-Readability of the Financial Statements of the Czech Business Corporations and Their Influence on the Financial Performance

Popis výsledku v původním jazyce

Financial and non-financial data presented in the financial statements and annual reports represent a valuable information source capturing economic activities in business corporations, accounting units. Machine-readable (or at least searchable) financial statements allow software equipment to find, to recognise and to extract easily data and valuable information about, e.g. ownership of risk-assets, cryptocurrencies or research and development activities. The paper aims to find out whether the Czech business corporations prepare their financial statements in the machine-readable/searchable format and whether the machine-readability/searchability is connected to their financial performance. The examined period was 2015-2017, and logistic regression was used. The data was obtained from the Czech Business Register by using a software script written by the authors and from the database of Czech and Slovak economic entities Bisnode Magnusweb. We discovered that most business corporations prepare non-searchable financial statements (no company prepares machine-readable statements). The ratio of searchable statements decreases each year. More companies change their statements from searchable to non-searchable than vice versa during the examined period. We found out that companies with non-searchable statements are more likely to have higher future long-term performance.

Název v anglickém jazyce

Searchability and Machine-Readability of the Financial Statements of the Czech Business Corporations and Their Influence on the Financial Performance

Popis výsledku anglicky

Financial and non-financial data presented in the financial statements and annual reports represent a valuable information source capturing economic activities in business corporations, accounting units. Machine-readable (or at least searchable) financial statements allow software equipment to find, to recognise and to extract easily data and valuable information about, e.g. ownership of risk-assets, cryptocurrencies or research and development activities. The paper aims to find out whether the Czech business corporations prepare their financial statements in the machine-readable/searchable format and whether the machine-readability/searchability is connected to their financial performance. The examined period was 2015-2017, and logistic regression was used. The data was obtained from the Czech Business Register by using a software script written by the authors and from the database of Czech and Slovak economic entities Bisnode Magnusweb. We discovered that most business corporations prepare non-searchable financial statements (no company prepares machine-readable statements). The ratio of searchable statements decreases each year. More companies change their statements from searchable to non-searchable than vice versa during the examined period. We found out that companies with non-searchable statements are more likely to have higher future long-term performance.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50206 - Finance

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2019

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Proceedings of the 16th International Scientific Conference European Financial Systems 2019

ISBN

9788021093386

ISSN

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e-ISSN

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Počet stran výsledku

8

Strana od-do

155-162

Název nakladatele

Masaryk University Press

Místo vydání

Brno, Czech Republic

Místo konání akce

Brno, Czech Republic

Datum konání akce

1. 1. 2019

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000503222600018